PENNSYLVANIA ACADEMY OF OPHTHALMOLOGY

EIN: 232611653

HARRISBURG, PA

Total Revenue
$190,317
Total Expenses
$197,271
Total Assets
$1,044,225
Net Assets
$1,014,515
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
PA
Principal Officer
SCOTT M GOLDSTEIN MD
Phone
7178298412
Tax Period
2024-01-01 to 2024-12-31

PENNSYLVANIA ACADEMY OF OPHTHALMOLOGY, founded in 1990, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 64 months of operating reserves.

Mission

PENNSYLVANIA ACADEMY OF OPHTHALMOLOGY WAS INCORPORATED AS A NONPROFIT ORGANIZATION IN SEPTEMBER 1990. THE ACADEMY'S PURPOSE IS TO ACT AS THE VOICE OF OPHTHALMOLOGIC MEDICINE IN PENNSYLVANIA; TO FOSTER AMONG ITS MEMBERS THE PROVISION OF THEIR TALENTS, KNOWLEDGE, AND SKILL OR THE BENEFIT OF THE PUBLIC; TO SERVE AS A PATIENT ADVOCATE IN PROMOTING PREVENTIVE EYE CARE; AND TO ADVANCE THE KNOWLEDGE, SCIENCE, AND PRACTICE OF OPHTHALMOLOGY.

Program Service Accomplishments

Program 1

THE PAO FULFILLS ITS MISSION BY PROVIDING EDUCATION FOR DOCTORS AND THEIR STAFF, BY ADVOCATING FOR OPHTHALMOLOGISTS AND THEIR PATIENTS IN THE STATE LEGISLATURE, AND PROMOTING PREVENTATIVE EYE CARE TO...

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THE PAO FULFILLS ITS MISSION BY PROVIDING EDUCATION FOR DOCTORS AND THEIR STAFF, BY ADVOCATING FOR OPHTHALMOLOGISTS AND THEIR PATIENTS IN THE STATE LEGISLATURE, AND PROMOTING PREVENTATIVE EYE CARE TO THE CITIZENS OF PENNSYLVANIA. ACTIVITIES THAT SUPPORT THIS MISSION INCLUDE: 1) PAO, WITH THE HELP OF THEIR GOVERNMENT RELATIONS FIRM, PROVIDED INPUT TO STATE LEGISLATORS PROMOTING SCHOOL AGE CHILDREN IN PENNSYLVANIA WITH LOW- COST VISION SCREENINGS AS OPPOSED TO COSTLY EYE EXAMS EACH YEAR. THIS LEGISLATION WAS ENACTED IN 2020 BUT HAS BEEN REINTRODUCED AND CONTINUES TO BE OF CONCERN. THE PAO ALSO SUCCESSFULLY WORKED WITH THE PA DEPT OF HEALTH AND THE GOVERNOR'S OFFICE TO INCREASE MORE THAN 37 OPHTHALMIC MEDICAID RATES THAT WILL INCREASE REIMBURSEMENTS FOR ALL OPHTHALMOLOGISTS ACROSS THE STATE. 2)PAO'S YOUNG OPHTHALMOLOGISTS COMMITTEES SPONSORED THE POPULAR WEBINARS FOR EARLY CAREER OPHTHALMOLOGISTS THAT WERE OPEN TO FULL MEMBERSHIP ON "CHOOSING YOUR CAREER PATH IN OPHTHALMOLOGY- AND "NEGOTIATING YOUR FIRST EMPLOYMENT CONTRACT" THE "YO"S ALSO HELD THE 2ND ANNUAL PAO STATE-WIDE VIRTUAL GRAND ROUNDS COMPETITION. THIS YEAR THEY GREW THE PARTICIPATION IN THE NETWORKING EVENTS FOR RESIDENTS AND EARLY-CAREER OPHTHALMOLOGISTS. 3)THE PROGRAM FOR EARLY CAREER OPHTHALMOLOGISTS CALLED "THE BUSINESS OF OPHTHALMOLOGY" INCLUDED THREE LIVE WEBINARS ON TOPICS NOT COVERED BY FORMAL MEDICAL EDUCATION: PRACTICE MANAGEMENT, BILLING CODING, AND THE INSURANCE PERSPECTIVE, AND PERSONAL FINANCE. THE SERIES WAS ENDORSED BY THE NATIONAL ORGANIZATION AND THE RECORDINGS ARE SHARED AT RESIDENCY PROGRAMS ACROSS THE STATE. 4)PAO SPONSORED SEVERAL EDUCATIONAL WEBINARS FOR CONTINUING MEDICAL EDUCATION (CME) CREDITS FREE TO OUR MEMBERS: "2024 ANNUAL SYMPOSIUM: NEW TREATMENTS IN 2024" "OCULOPLASTICS," "ARTIFICIAL INTELLIGENCE IN OPHTHALMOLOGY," NEW ADVANCES IN DRY EYE TREATMENTS,- AND "OMIC- LESSONS LEARNED WHEN SAFETY PROTOCOLS FAIL" " LIVE WEBINARS PROVIDED 7 HOURS OF CME. OUR VIRTUAL MEDICAL CODING SEMINAR WAS ATTENDED BY MORE THAN 75 ATTENDEES. 5)THE PAO PUBLISHED TWO PRINT NEWSLETTERS IN 2024 AND PUBLISHED 2 DIGITAL NEWSLETTERS AS WELL AS OVER 29 INFORMATIONAL E-BLASTS TO THE MEMBERSHIP ON TOPICS OF STATE ADVOCACY, UPDATES IN PA PROVIDER CHANGES, MEDICAL LICENSE RENEWALS, CERTIFIED OPHTHALMIC ASSISTANT PROGRAMS, AND LOSS OF RESIDENCY ROTATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $171,782
Investment Income $18,535
Other Revenue $0
TOTAL REVENUE $190,317

Expense Breakdown

Grants Paid $22,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $175,271
TOTAL EXPENSES $197,271

Year-over-Year Comparison

2024 2023 Change
Revenue $190,317 $244,920 -0.2%
Expenses $197,271 $203,876 0.0%
Net Income $-6,954 $41,044 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT M GOLDSTEIN MD PRESIDENT 2.00
Officer Director
$0 $0 $0
DONALD MORRIS DO VICE PRESIDE 0.50
Officer Director
$0 $0 $0
GAUTAM MISHRA MD SECRETARY/TR 0.50
Officer Director
$0 $0 $0
SHARON TAYLOR MD IMMEDIATE PA 0.50
Officer Director
$0 $0 $0
DAVID I SILBERT MD PAO PAC CHAI 0.50
Director
$0 $0 $0
SONIA MEHTA MD EDU SEC & AA 0.50
Director
$0 $0 $0
MICHAEL J AZAR MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
EDWARD H BEDROSSIAN JR MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
ROBERT L BERGREN MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
JOEL D BROWN MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
KENNETH P CHENG MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
JASON FLAMENDORF DO MEMBER-AT-LA 0.50
Director
$0 $0 $0
JEFFREY D HENDERER MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
NATASHA KOLOMEYER MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
JARED KNICKELBEIN MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
FRANCIS J MANNING MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
MARK C MARIA MD MEMBER-AT-LA 0.50
Director
$0 $0 $0
ROGER P ZELT MD FACS MEMBER-AT-LA 0.50
Director
$0 $0 $0
MELANIE GREENE EXECUTIVE DI 25.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $190,317 $197,271 $1,044,225 $-6,954
2023 $244,920 $203,876 $926,692 $41,044
2022 $240,121 $212,926 $814,310 $27,195
2021 $220,673 $185,260 $900,744 $35,413
2020 $272,228 $207,191 $773,214 $65,037
2019 $350,543 $277,283 $564,552 $73,260
2018 $263,986 $274,917 $528,653 $-10,931
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